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Carnarvon Energy (CVN) investor relations material
Carnarvon Energy Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Advanced procurement and environmental approvals for the H1 2027 Bedout exploration drilling program targeting high-impact prospects in the northern Bedout Sub-basin.
Maintained a strong balance sheet with A$98 million in cash, no debt, and a US$90 million development carry for the Dorado project.
Continued a lean corporate structure, offsetting administrative costs with interest income from cash holdings.
Retained an on-market share buy-back program for up to 10% of issued capital, funded from existing cash.
Financial highlights
Ended the quarter with A$98.1 million in cash and cash equivalents.
Net cash from operating activities was A$440k for the quarter and A$782k year-to-date.
Net cash used in investing activities was A$376k for the quarter and A$88.4 million year-to-date, mainly due to the A$86 million investment in Strike Energy.
Interest income for the quarter was A$1.01 million.
Outlook and guidance
Preparatory activities for the Bedout exploration campaign are on track for drilling to commence in H1 2027.
Forecasted expenditures for the upcoming quarter: A$1–1.2 million in Bedout Sub-basin and A$800k–1 million in corporate and other costs.
- Half-year loss of $1.8M, strong cash, and strategic investment in Strike Energy.CVN
H1 202612 Mar 2026 - Strong cash, no debt, and strategic moves position for major exploration and development in 2027.CVN
Q2 2026 TU23 Jan 2026 - A$86 million invested in Strike Energy, with strong cash reserves and Bedout drilling delayed to 2027.CVN
Q1 2026 TU29 Oct 2025 - Advancing Bedout exploration, Dorado/Pavo development, and Strike Energy investment for growth.CVN
Investor Presentation9 Sep 2025 - Returned to profit, invested in Strike Energy, and focused on Bedout assets amid Dorado delay.CVN
H2 202528 Aug 2025 - Strategic investment in Strike Energy and robust cash reserves position the company for future growth.CVN
Q4 2025 TU27 Jul 2025 - Investing up to $89 million in Strike Energy, securing strategic market exposure and board rights.CVN
Trading Update21 Jul 2025 - Dorado project nears key milestones as Carnarvon maintains robust cash and strategic focus.CVN
Trading Update13 Jun 2025 - Strong cash position and cost discipline support Dorado development and exploration focus.CVN
H2 202413 Jun 2025
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